How Can Dunning Help Retain Customers | Popular

Managing the accounts receivable process is challenging, especially for small businesses. This is where an established dunning process can help improve the experience and retain customers. So, what is dunning? How does it work and how can a proper A/R process help you optimize the customer experience? What Is the Account Receivable Process? Accounts receivable…

Do you have an established and accurate accounts receivable process for your business? If not, your business could suffer from low customer satisfaction. This situation could make it easier for competitors to poach your customers and cause some debtors to de-prioritize payments. In contrast, investing in an established A/R process creates consistency and helps you…

Healthy cash flow is crucial to the success of any business. Cash flow problems can quickly lead to financial instability and even bankruptcy. So how can you improve your company’s accounts receivable cash flow? ERP accounts receivable module can streamline you’re A/R process, which will improve your cash flow metrics. What Is an Enterprise Resource…

Automated invoicing is one of the easiest ways to improve your accounts receivable (A/R) collections process. Primarily, automation streamlines collections and saves you time. When your team doesn’t have to worry about staying on top of rote collection tasks, they’ll have more time to focus on customer service, data analysis, and other processes that generate…

When it comes to making sound financial decisions for your business, one of the most vital tools is balance sheet forecasting. It allows you to see future trends and predict how your company will fare financially. You can then use this information to plan your company’s success. What Is a Balance Sheet Forecast? A balance…

When running a business, getting paid on time for the products and services you provide is key to its survival. This is where dunning management comes in. The standard dunning meaning refers to the collection of payments from customers who failed to pay on time. It can be a tedious process, but it’s crucial for…

When it comes to business finance, managers need to fill several different roles for things to run smoothly. Two of the most important positions are controller and CFO. What are the differences between these two roles? Which one is right for your company? Do you need the CFO or controller — or both? What Is…

How do you know if your financial controller is doing a good job? What are the key performance indicators that you should be tracking? What are some components you should include in your evaluation template? These are just some of the many important questions managers and HR professionals ask when completing a financial controller performance…